summary
Introduced
09/23/2020
09/23/2020
In Committee
09/23/2020
09/23/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Extends the Small Business Debt Relief Program, under which the Small Business Administration (SBA), in response to COVID-19 (i.e., coronavirus disease 2019), was authorized to make six months of payments for certain SBA-backed loan products on behalf of the recipients of these loans.
AI Summary
This bill extends the Small Business Debt Relief Program, which was authorized under the CARES Act to make six months of payments for certain SBA-backed loan products on behalf of the recipients of these loans in response to COVID-19. The bill extends the payment period to up to 18 months for certain loans, depending on factors like the industry the borrower operates in. The bill also requires the Small Business Administration (SBA) to provide updated information, publish a list of eligible borrowers, conduct outreach, and submit monthly reports to Congress on the program.
Committee Categories
Budget and Finance
Sponsors (13)
Chris Coons (D)*,
Maria Cantwell (D),
Ben Cardin (D),
Steve Daines (R),
Kirsten Gillibrand (D),
Mazie Hirono (D),
Angus King (I),
Amy Klobuchar (D),
Ed Markey (D),
Jacky Rosen (D),
Jeanne Shaheen (D),
Chris Van Hollen (D),
Mark Warner (D),
Last Action
Read twice and referred to the Committee on Finance. (on 09/23/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/4676/all-info |
| BillText | https://www.congress.gov/116/bills/s4676/BILLS-116s4676is.pdf |
| Bill | https://www.congress.gov/116/bills/s4676/BILLS-116s4676is.pdf.pdf |
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